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TSX-V: WEE
Pink Sheets: WEESF
EDMONTON, Aug. 18 /CNW/ - Wavefront Energy and Environmental Services
Inc. ("Wavefront"), a world leader in fluid injection technology for
improved/enhanced oil recovery and groundwater restoration announces that the
commercial Primawave project with a world leading, integrated oil and gas
producer, first published on June 17, 2008 has commenced. The project,
expected to be a multi-year, multi-system undertaking, entails the use of
Primawave with waterflooding to accelerate the clean-up of a former oil
refinery and terminal site.
Wavefront President and CEO Brett Davidson commented, "Primawave is an
accredited remediation technology having been awarded certification by
Environment and Industry Canada. With previous positive outcomes related to
Primawave at other locations employing a similar remedial program, Wavefront
foresees repeatable results at the 80-acre New York State site. Management is
confident that accelerated clean-up of this former refinery will lead to
multiple Primawave deployment at United States based refineries where there
exists 149 active and 152 former sites."
About Wavefront Energy and Environmental Services Inc.
Wavefront is a technology-based company with a focused, strategic plan to
leverage the value of our intellectual property in order to maximize oil
production recovery operations, as well as provide additional solutions for
environmental applications.
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.
"D. Brad Paterson" (signed)
D. Brad Paterson, CFO &amp; Director
Cautionary Disclaimer - Forward Looking Statements
--------------------------------------------------
Certain statements contained herein regarding Wavefront and its
operations constitute "forward-looking statements" within the meaning of
Canadian securities laws and the United States Private Securities Litigation
Reform Act of 1995. All statements that are not historical facts, including
without limitation statements regarding future estimates, plans, objectives,
assumptions or expectations or future performance, are "forward-looking
statements". In some cases, forward-looking statements can be identified by
terminology such as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "estimate", "predict", "potential", "continue" or the negative of
these terms or other comparable terminology. We caution that such
"forward-looking statements" involve known and unknown risks and uncertainties
that could cause actual results and future events to differ materially from
those anticipated in such statements. Such factors include fluctuations in the
acceptance rates of Wavefront's Powerwave and Primawave Processes, demand for
products and services, fluctuations in the market for oil and gas related
products and services, the ability of Wavefront to attract and maintain key
personnel, technology changes, global political and economic conditions, and
other factors that were described in further detail in Wavefront's continuous
disclosure filings, available on SEDAR at www.sedar.com. Wavefront expressly
disclaims any obligation to up-date any "forward-looking statements", other
than as required by law.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF
THIS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT